By Our Correspondent Lagos (INVESTADVOCATE)-Shareholders of Transnational Corporation of Nigeria (TRANSCORP), Thursday endorsed the Company’s proposed Rights issue. Shareholders of the Company endorsed this at its Extraordinary General Meeting (EGM) held in Lagos Nigeria. Late last month, the firm in a Notice to the Nigerian Stock Exchange (NSE) […]
Author: InvestAdvocate
WAEMU Average nominal debt stands 40% of GDP-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said average nominal debt for the West Africa Economic and Monetary Union (WAEMU) region now stands at about 40 percent (40%) of Gross Domestic Product (GDP). This is coming on the heels of the IMF’s Executive […]
Yields on T-bills, FGN bonds to rise
Following the increase in inflation rate, financial experts have said that the yields on short-tenored Treasury Bills and FGN Bonds may rise as temporary reaction to the increase. A report made available to our correspondent on Wednesday by FSDH Merchant Bank, however, stated that the yields were likely to drop […]